Market has taken strong support at 5600 and decisively trading above 5630 which is a positive note. Now if market is able to decisively move above 5660, short covering will increase and take the market much higher.
SBIN has taken support at 2080 and has shown strong upward momentum and if it holds 2100, it will be a good buy at this rate. If anyone has shorted, cover it at this point.
Since the market is trading at very narrow range, we would advise not to do anything. Right now it is better to wait for right opportunity. Probably we can see it coming tomorrow. That is the reason we have no recommendation for today.
SBIN has taken support at 2080 and has shown strong upward momentum and if it holds 2100, it will be a good buy at this rate. If anyone has shorted, cover it at this point.
Since the market is trading at very narrow range, we would advise not to do anything. Right now it is better to wait for right opportunity. Probably we can see it coming tomorrow. That is the reason we have no recommendation for today.
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